Adam Neumann

$2.80 B

Ranked #1462 in World

About Adam Neumann

Adam Neumann, an Israeli-American billionaire and co-founder of WeWork, alongside Miguel McKelvey in 2010, has made a notable impact in the finance world, both for his ambitious projects and controversies. With a net worth of $2.2 billion as of February 2024, Neumann's journey from a difficult childhood in Beersheba, Israel, to a celebrated entrepreneur in New York City highlights his resilience and innovation in the business sector. After stepping down as WeWork's CEO in 2019 under investor pressure, he established 166 2nd Financial Services with his wife Rebekah Neumann. Neumann's investments span across several sectors, including a recent focus on property investing in Miami and launching the residential real-estate company Flow in 2022. Despite facing legal challenges and public scrutiny for his management practices and lifestyle, Neumann's influence and ventures continue to be of significant interest in the finance world, underscored by his EY Entrepreneur of the Year award in 2015 and inclusion in Time magazine's 100 most influential people in 2018.

Born

April 01, 1979 in Beersheba, Israel

Age

46 years

Source Of Wealth

WeWork

Industries

Real Estate

Citizenship

Israel

Residence

Miami, Florida

Education

City University of New York Baruch

Spouse

Rebekah Neumann

Children

Adam Neumann was born and raised in Beersheba, Israel. His parents divorced when he was seven, and he lived in 13 different homes by the age of 22. His younger sister, Adi Neumann, is a model and former Miss Teen Israel. Neumann has dyslexia and couldn't read or write until the third grade. He lived on a kibbutz in southern Israel during his teens and served as a junior officer in the Israeli Navy. Neumann attended the Zicklin School of Business at Baruch College in New York City.

Adam Neumann: Family

Adam Neumann is married to Rebekah Neumann, and they have six children. The couple lives in the Greenwich Village neighborhood of New York City.

Adam Neumann: Career Highlights

Before co-founding WeWork, Neumann founded the children's clothing company Krawlers. He also worked with Miguel McKelvey on Green Desk, a shared-workspace business. In 2010, Neumann, McKelvey, and Brooklyn real estate developer Joel Schreiber co-founded WeWork. Neumann aimed to replicate the feeling of togetherness and belonging he felt in Israel through WeWork. However, he resigned as WeWork CEO in September 2019 amid pressure from investors.

After leaving WeWork, Neumann shifted his focus to property investing in Miami and launched the residential real estate company Flow in 2022. He has also invested in several companies, including InterCure, EquityBee, Selina, GOTO Global, and Flowcarbon. Additionally, Neumann purchased the top floors of the Woolworth Building in 2012 and converted them into condominiums. He also purchased buildings and leased them back to WeWork, raising conflict of interest concerns. Neumann has acquired several residences, including a 60-acre estate in Westchester County, New York.

Adam Neumann: Companies

Adam Neumann has been involved with several companies throughout his career. He co-founded WeWork in 2010 and served as its CEO until 2019. He also co-founded the family office 166 2nd Financial Services with his wife Rebekah Neumann in 2019.

Additionally, Neumann founded the children's clothing company Krawlers and worked with Miguel McKelvey on Green Desk, a shared-workspace business. In 2022, he launched the residential real estate company Flow.

Adam Neumann: Major Achievements

Neumann's major achievements include co-founding WeWork, which became one of the world's largest shared-workspace companies. He also successfully negotiated a severance package with SoftBank in May 2021, receiving $106 million in cash and a new WeWork stock award. Additionally, Neumann has made significant investments in various companies and acquired several properties, including the top floors of the Woolworth Building.

Adam Neumann: Awards & Achievements

Neumann has received several awards and recognitions for his entrepreneurial success. In 2015, he was awarded EY Entrepreneur of the Year. He was also named one of Time magazine's 100 most influential people in 2018.

Adam Neumann: Personal Life & Legacy

Adam Neumann is married to Rebekah Neumann, and they have six children. The couple lives in the Greenwich Village neighborhood of New York City. Neumann is known for his ambitious and unconventional ideas, which have both inspired and generated controversy. He has been the subject of several books and documentaries, including the nonfiction book Billion Dollar Loser (2020) and the Apple TV+ series WeCrashed (2022).

Adam Neumann: Trivia

Neumann has expressed aspirations to live forever, become the world's first trillionaire, expand WeWork to Mars, become Israel's prime minister, and become "president of the world." He has also made controversial claims, such as convincing Rahm Emanuel to run for US presidency, using JPMorgan Chase CEO as a personal banker, influencing a Saudi prince on women's rights, and working with Jared Kushner on the Trump administration's peace plan. Neumann filed a defamation lawsuit against The Spectator for comparing him to Elizabeth Holmes.

Wealth History

Timeline

1973

Adam Neumann is born in Beersheba, Israel.

1980

Neumann's parents divorce, and he lives in 13 different homes by age 22.

1990

Neumann serves as a junior officer in the Israeli Navy.

1996

Neumann attends Zicklin School of Business at Baruch College in New York City.

2001

Neumann founds children's clothing company Krawlers.

2008

Neumann marries Rebekah Neumann, and they have six children.

2010

Neumann co-founds WeWork with Miguel McKelvey and Brooklyn real estate developer Joel Schreiber.

2012

Neumann purchases the top floors of the Woolworth Building and converts them into condominiums.

2015

Neumann is awarded EY Entrepreneur of the Year.

2017

Neumann donates $1 million to the "Be the Match Registry" of the National Marrow Donor Program.

2018

Neumann is named one of Time magazine's 100 most influential people.

2019

Neumann resigns as WeWork CEO amid pressure from investors.

2020

Nonfiction book Billion Dollar Loser about Neumann is published.

2021

Neumann renegotiates severance package with SoftBank, receiving $106 million in cash and new WeWork stock award.

2022

Neumann launches residential real-estate company Flow in Miami.

Adam Neumann : FAQs

What is Adam Neumann's current net worth?

Adam Neumann's current net worth is $2.80 billion.

What is Adam Neumann's current global rank among billionaires?

Adam Neumann holds the 1462nd position globally among billionaires.

What is Adam Neumann's current ranking within the Israel?

Adam Neumann holds the 20th position in Israel.

What was the change in Adam Neumann's net worth compared to the previous year?

Adam Neumann's net worth increased by 515.9 million dollars compared to the previous year 2025, when his net worth was 2.29 billion dollars.

What are Adam Neumann's main sources of wealth?

Adam Neumann's main source of income comes from WeWork.

In which industry does Adam Neumann primarily operate?

Adam Neumann is primarily involved in the Real Estate industry.

What is Adam Neumann educational background?

Adam Neumann holds a City University of New York Baruch.

How old is Adam Neumann?

Adam Neumann is 46 years old.

How many children does Adam Neumann have?

Adam Neumann has 6 children.

Who is Adam Neumann and what companies did he co-found?

Adam Neumann is an Israeli-American billionaire businessman and investor, co-founded WeWork with Miguel McKelvey in 2010, and also co-founded the family office 166 2nd Financial Services with his wife Rebekah Neumann in 2019.

How did Adam Neumann build his business career and what controversies has he faced?

Neumann's business career includes founding Krawlers and Green Desk before WeWork. He aimed to create a sense of community with WeWork, but faced controversies including his extravagant lifestyle, pressure from investors leading to his resignation in 2019, and lawsuits for breach of fiduciary duties.

What philanthropic efforts has Adam Neumann been involved in?

Adam Neumann made a significant philanthropic contribution by donating $1 million to the "Be the Match Registry" of the National Marrow Donor Program in 2017.

How has Adam Neumann been portrayed in media and popular culture?

Adam Neumann has been the subject of the nonfiction book 'Billion Dollar Loser' (2020), portrayed by Jared Leto in the Apple TV+ series 'WeCrashed' (2022), and featured in a New York Times Emmy Award-winning interview as well as the HBO docuseries 'Generation Hustle' in an episode titled "Cult of WeWork".